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S7 E9: Fintech Recap: Synapse vs. the World, Visa Flex Credential, Buy Now Pay Later Reclassified as a Credit Card
Manage episode 422052384 series 3375192
We won’t lie— we’re exhausted. Are you exhausted from keeping up with one of the most tiring stories in financial services?
Jason Mikula certainly is, and he’s summoning the strength to join Alex to chat about the current drama between Synapse, Evolve, and Tabapay yet again. Things have devolved on BaaS Island from Lord of the Flies to a straight-up Battle Royale. Can anyone manage to make sense of Synapse’s ledger? The guys do their best to tally up all of the financial damage the bankrupt company has caused. But the better question is, will any of its end users see their money back anytime soon?
Then, Jason and Alex get into Visa’s latest offering, Visa Flex Credential. Will the new card that flexes between funding sources (credit or debit) lead to new innovations?
And what’s up with the CFPB’s reclassification of Buy Now Pay Later as a credit card? Does this actually change anything, or is it all a bunch of semantics?
Plus, in this week’s “Can’t Let It Go,” Jason’s hung up on Solo Funds, the community finance platform being sued for dark patterns that had some mysteriously deleted tweets, and Alex can’t let Revolut’s bizarre hostage-like scam prevention photos go.
Yeah, there’s a lot to unpack on that last one. Let’s get into it.
TruStage Payment Guard Insurance is a first-of-its-kind insurance solution built for digital lenders, designed to help you attract more borrowers, strengthen your loan portfolio and reduce time spent on collections — all with minimal tech lift needed to go live.
To learn more about Payment Guard Insurance, visit https://www.trustage.com/payment-guard.
01:23 Synapse vs. the World
27:10 Visa Flex Credential
40:05 Buy Now Pay Later Reclassified as a “Credit Card”
49:25 Can’t Let It Go
Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/
And for more exclusive insider content, don’t forget to check out my YouTube page.
Follow Jason:
Newsletter: https://fintechbusinessweekly.substack.com/
LinkedIn: https://www.linkedin.com/in/jasonmikula/
Follow Alex:
YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos
LinkedIn: https://www.linkedin.com/in/alexhjohnson
90 episodes
Manage episode 422052384 series 3375192
We won’t lie— we’re exhausted. Are you exhausted from keeping up with one of the most tiring stories in financial services?
Jason Mikula certainly is, and he’s summoning the strength to join Alex to chat about the current drama between Synapse, Evolve, and Tabapay yet again. Things have devolved on BaaS Island from Lord of the Flies to a straight-up Battle Royale. Can anyone manage to make sense of Synapse’s ledger? The guys do their best to tally up all of the financial damage the bankrupt company has caused. But the better question is, will any of its end users see their money back anytime soon?
Then, Jason and Alex get into Visa’s latest offering, Visa Flex Credential. Will the new card that flexes between funding sources (credit or debit) lead to new innovations?
And what’s up with the CFPB’s reclassification of Buy Now Pay Later as a credit card? Does this actually change anything, or is it all a bunch of semantics?
Plus, in this week’s “Can’t Let It Go,” Jason’s hung up on Solo Funds, the community finance platform being sued for dark patterns that had some mysteriously deleted tweets, and Alex can’t let Revolut’s bizarre hostage-like scam prevention photos go.
Yeah, there’s a lot to unpack on that last one. Let’s get into it.
TruStage Payment Guard Insurance is a first-of-its-kind insurance solution built for digital lenders, designed to help you attract more borrowers, strengthen your loan portfolio and reduce time spent on collections — all with minimal tech lift needed to go live.
To learn more about Payment Guard Insurance, visit https://www.trustage.com/payment-guard.
01:23 Synapse vs. the World
27:10 Visa Flex Credential
40:05 Buy Now Pay Later Reclassified as a “Credit Card”
49:25 Can’t Let It Go
Sign up for Alex’s Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/
And for more exclusive insider content, don’t forget to check out my YouTube page.
Follow Jason:
Newsletter: https://fintechbusinessweekly.substack.com/
LinkedIn: https://www.linkedin.com/in/jasonmikula/
Follow Alex:
YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos
LinkedIn: https://www.linkedin.com/in/alexhjohnson
90 episodes
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